Good Evening, Well, I had a really nice blog written. Just as I was about to finish it a thunderstorm hit the area and I lost my internet. When I got it back up, I had nothing left. So tonight. I’m going to to the very short version. As they used to say on Dagnet “The facts, just the facts”……. The Fed’s cut in the GDP forecast had the bulls off and running again. In short, bad news is good news. As far as Greece goes, I find it surprising that the market ignored headlines that suggest a Greek exit from the EU (or as the media calls it a Grexit….). Perhaps they are taking my point of view and are relieved that this seemingly endless saga may indeed be coming to an end. Maybe their starting to realize that the Greek economy isn’t such a big deal on the world stage. Also, here’s another tid bit of information to think about. The European Central Bank holds about 70% of the Greek debt. So how much effect can a Greek default really have on the world monetary system. Lets add it up Economy the size of Proctor and Gamble + 70% of Greek Debt held by the ECB = Grexit is a non event. I’ll forego another “Greece is saved” rally just to get rid of this annoyance.
The days rally left us with the following results: Our TSP allotment gained +1.025%. For comparison the Dow gained +1.00%, the Nasdaq +1.34%, and the S&P 500 +0.99%. Thank God for guiding our Group. Give Him all the thanks and praise!
Nasdaq at record as Wall Street runs on strong data; Greece eyed
The day’s action left us with the following signals: C-Neutral, S-Buy, I-Neutral, F-Sell. We are currently invested at 30/C, 70/S. Our allocation is now +5.36% on the year. Here are the latest posted results:
| 06/18/15 | |||||
| Fund | G Fund | F Fund | C Fund | S Fund | I Fund |
| Price | 14.7467 | 16.794 | 28.2696 | 39.1077 | 26.3229 |
| $ Change | 0.0009 | -0.0265 | 0.2811 | 0.4058 | 0.1094 |
| % Change day | +0.01% | -0.16% | +1.00% | +1.05% | +0.42% |
| % Change week | +0.03% | +0.15% | +1.32% | +1.21% | -0.47% |
| % Change month | +0.10% | -1.16% | +0.78% | +1.92% | -0.82% |
| % Change year | +0.89% | -0.05% | +4.06% | +7.75% | +8.69% |
| L INC | L 2020 | L 2030 | L 2040 | L 2050 | |
| Price | 17.7716 | 23.6976 | 25.8689 | 27.655 | 15.769 |
| $ Change | 0.0297 | 0.0979 | 0.1393 | 0.1733 | 0.1112 |
| % Change day | +0.17% | +0.41% | +0.54% | +0.63% | +0.71% |
| % Change week | +0.20% | +0.41% | +0.52% | +0.61% | +0.66% |
| % Change month | +0.12% | +0.23% | +0.31% | +0.39% | +0.43% |
| % Change year | +1.84% | +3.49% | +4.28% | +4.84% | +5.42% |
One more thing I wanted to mention. The EU will be having an emergency meeting on Monday to see if a Greek default can be avoided. That’ll will be the next big market making event. A last minute agreement could give the market a pop. That’s it for tonight. Have a nice evening and may God continue to bless your trades! God bless, Scott
